Software company VMware forecast profits above expectations

VMware Inc on Tuesday forecast fiscal fourth quarter adjusted profits above expectations and the global demand for cloud computing pushed up sales.

VMware said that it expects fourth quarter adjusted profits of $1.96 per share, above analyst expectations of $1.89 per share. The company predicted fourth-quarter revenue of $3.51 billion, in line with analyst expectations of $3.55 billion, according to IBES data from Refinitiv.

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